a car mechanic purchased four old cars for rs.1 lakh. he spent total rs 2lakh in the maintenance and repairing of these four cars. what is the average sale price of rest three cars to get 50% total profit, if he has already sold one of the four cars at Rs1.2 lakh.
Answers
C.P OF 4 CARS=RS400000
CP+MAINTAINENCE PRICE=RS 600000
TO MAKE 50%PROFIT,SP SHOULD BE
Rs[600000+{600000*(50/100)}]
=Rs[600000+300000]
=RS900000
AS,HE RECEIVED RS120000,SO HE SHOULD GET MORERS
RS(900000-120000)
=RS780000
AVG SP =RS 780000/3
=RS 260000
Answer:
The average sale price of rest three cars to get 50% total profit is 1.1 lakhs.
Step-by-step explanation:
4 automobiles costing Rs. 1+2=3 lakh in total.
Given that S.P = 100 (100+Gain%) C.P, the total S.P for the four autos is 31.5, or 4.5 lakh.
1 automobile Equals 1.2 lakh S.P.
S.P. for the remaining 3 vehicles is 4.5 x 1.2 x 3.3 lakhs.
Average S.P. for the three vehicles is 1.1 lakhs.
Profit and Loss:
The money made when an item is sold for more than it cost to produce it is known as the profit. The loss, on the other hand, is the sum lost when an item is sold for less than its cost price.
Profit is calculated as Selling Price - Cost Price.
Loss is calculated as Cost Price - Selling Price.
In mathematics, CP stands for "cost price" and SP for "selling price."
The formulas below can be used to determine the SP (selling price).
When profit and cost price are specified, the SP (selling price) is:
(100 + P%)/100 x CP = SP
When loss and cost price are specified, the SP (selling price) is:
(100 - L%)/100 x CP = SP
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